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Authored by Charles Hugh Smith via OfTwoMinds blog,

Inequality is America's Monster Id, and we're continuing to fuel its future rampage daily.

What's changed and what hasn't in the past year? What hasn't changed is easy:

1. Wealth / income inequality is still increasing. (see chart #1 below)

2. Wages / labor's share of the economy is still plummeting as financial speculation's share has soared. (see chart #2 below)

What's changed is also obvious:

1. Money velocity has cratered. (see chart #3 below)

2. Federal borrowing / spending has skyrocketed, pushing federal debt to unprecedented levels. (see chart #4 below)

3. Speculation has reached the society-wide mania level. This is evidenced by record

COVID has created a situation where millions of people are quarantined at home.  Some are under lockdown rules, others have been laid off; and some have decided it’s just better to stay at home.

This has caused huge surges in business that can be done online, and one of those businesses is trading.  Trading firm Robinhood was in the right place at the right time, but was unable to handle the huge surge in business.  They clumsily paved the way for efficient, fee-less

You have to know what to look for.  As we have explained in Splitting Pennies and Splitting Bits – things are not as they appear.

Just because something is ‘different’ doesn’t make it ‘better’ – just because something is not mainstream doesn’t make it ‘honest.’  We all here agree that mainstream investing sucks, but do we use the same rational methodology when evaluating alternatives?  Crypto has proven this is not the case.  Investors lost their minds and did all the

Global Intel Hub 2/27/2021 -- Charlotte, NC - ZERO HEDGE EXCLUSIVE

Little known ZK International (ZKIN) $ZKIN has launched a DeFi project, which went live this week @ xSigma.fi

The project is funded and managed by publicly traded ZKIN so the stock popped to $10 and settled back down to $6 during the week.  During the first few days of live staking, $150 Million USD worth of funds were committed to the project, making xSigma in the top 25 of DeFi projects in the

Finance and Technology used to be two different worlds.  But since the computer and internet revolution, they have merged into one whole some refer to as FinTech.  For some of us, it’s difficult to imagine the world in any other way.  But the banks, brokers, insurers, and other financial firms were actually technology laggards.  Now, competition is so fierce one can go to sites like greedyrates.ca and compare rates for credit cards.  You can go to

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